Dallas250

I was just reading a few articles on resale value and I was surprised to see that hybrids typically don’t hold a great value at the five-year mark

mattsrs

Yes because there’s this stigma about hybrids that as the battery gets old it goes bad or becomes ineffective in performance and expensive to repair. I know warranty is now longer but the perception is out there

mikemu30

Consumers probably less inclined to buy a used hybrid for fear of the unknown even if it's flawed thinking.

NewToES

Great info Lesz, thanks!

lesz

I will grant you that that has been the case, but that thinking has been changing quite a bit in the last few years.

In 2013, I never would have even considered buying a hybrid vehicle. After having owned one for a year and a half, I will likely never again buy a vehicle that is completely powered by an internal combustion engine. Not only have hybrids been proving that they are quite reliable, but, while it used to be the case that hybrids, like the Prius, were limited to models with a bare-bones economy car image, now, many upscale models have hybrid versions, and many of those vehicles now have performance that exceeds, equals, or, at least, is close to that of their non-hybrid cousins.

Further, many are coming to accept the idea that electric powered vehicles are the future, and, for many, a hybrid vehicle makes a nice transition to a fully electric powered vehicle. And the inclination of people to buy a hybrid is not hurt when gasoline prices are over $3.50 per gallon and continue to be on a rising trend.

If you check the vehicles currently available in both hybrid and non-hybrid versions listed on Carvana, Vroom, etc., you will find that the non-hybrids are selling for prices higher than that of the non-hybrid versions. On Carvana's site right now, there are very few 2019-2020 ES vehicles, either hybrids or non hybrids, but when I checked the 2018 ES, the ES300h was typically selling for about $2000 more than was the ES350 for cars with similar features, mileage, and condition. I also checked the 2020 Toyota RAV4. The hybrids typically have a price of around $4000-5000 more than non-hybrids with similar features, mileage, and condition.

LexFinally

I've heard that too, and that perception is outdated where Toyota hybrids are concerned. New York cabbies and Uber drivers have been running Priuses hundreds of thousands of miles, and the hybrid gear has proven to hold up long after the warranty is over. Which is why Toyota recently felt confident enough to lengthen it to something absurd (15 years / 100,000 miles? Something like that).

ESh

10 years or 150000 miles.

mattsrs

Caredge data says after 5 years, 300h hybrid maintains about 48% of its value and ES350 hold at 60% after 5 years (both 10k miles/year and purchased new at $50k)

TXWJ

I plan on keeping my 300h for at least 10 years. Not worried about resale.

LexFinally

Even though I personally chose the V6, the hybrid is a killer deal if you find a good example that's undergone that kind of depreciation.

NewToES

Not sure why, but for some reasons, can't just seem to think Caredge claims would be true in the 'real world.

mattsrs

I mean COVID + shortages and overall craziness we have been dealing with nothing with historical data numbers is accurate or a predictor of today/short term future

ESh

When I was searching for a car, in general the ES300h were $2000-3000 more than the regular one.

carsareus

So, what is the costs of replacing a Gen 7 ES 300H battery pack at the dealer? The Hybrid was a little more money than the V6 when I bought my car, but you always have it in the back of your mind the diminished capacity of the battery pack when you buy used!

ESh

Around $4000 but you have 10 years/150000 miles.